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DSE index surges 14 months high

  • Published at 12:04 am November 25th, 2016
DSE index surges 14 months high
The key index added over 25 points or 0.6% to 4,791, which is highest since October 7 last year when it was 4,800. Rally in banking stocks helped the DSEX close higher. The DS30 index, comprising blue chips, gained marginally over 4 points to 1,133 and the DSE Shariah Index DSES also edged over 5 points higher to 1,769. The Chittagong Stock Exchange selective category index, CSCX, rose about 33 points to 8,962. Volume of trade was back to normal level after witnessing abnormally high in previous session boosted by block trades on the DSE. The volume of trade in value stood at almost Tk660 crore from previous session’s nearly Tk1,500 crore, driven by KPCL block transaction. Bank and textile contributed around 35% to the total trade value of the market. Six banks and four textile companies secured position in top 20 turnover list. The market breadth also remained positive as out of total 319 traded scrips, 173 advanced, 120 declined and 26 remained unchanged. Mutual funds shined on the day, led by Grameen Scheme Two with a 9.6% price rise. Among the major sectors, life insurance was the day’s best performer with a rally of 1.2%, followed by bank 1.1% and non-life insurance 0.6%. On the other hand, food and allied and telecommunications fell marginally on profit booking. Doreen Power was the most traded stocks worth Tk27 crore changed hands, followed by Beximco Ltd, Generation Next, Bangladesh Building System, City Bank and Quasem Drycells.